Palantir Technologies Inc. (PLTR) P/E Ratio History
UndervaluedTrading at 203.9x vs 5Y avg 275.6x · 45th percentile · Below historical baseline · Data 2023–2026
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P/E Ratio Analysis
As of June 21, 2026, Palantir Technologies Inc. (PLTR) trades at a price-to-earnings ratio of 203.9x, with a stock price of $128.47 and trailing twelve-month earnings per share of $0.89.
The current P/E is 26% below its 5-year average of 275.6x. Over the past five years, PLTR's P/E has ranged from a low of 149.0x to a high of 449.3x, placing the current valuation at the 45th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, PLTR trades at a 603% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
Relative to the broader market, PLTR commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PLTR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PLTR Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PLTR P/E vs Peers
Data platforms, integration and analytics peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $79B | 743.3 | - | -41% | |
| $4B | 13.3 | 0.80 | +7% | |
| $13B | 9.6 | 0.47Best | +21%Best | |
| $8B | 9.6Lowest | 1.00 | -5% | |
| $10B | 20.9 | 1.73 | +20% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PLTR Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $146.28 | $0.90 | 162.5x | -41% |
| FY2025 Q4 | Dec 31 2025 | $177.75 | $0.64 | 276.1x | +0% |
| FY2025 Q3 | - | $182.42 | $0.43 | 419.4x | +52% |
| FY2025 Q2 | Jun 30 2025 | $136.32 | $0.30 | 449.3x | +63% |
| FY2025 Q1 | Mar 31 2025 | $84.40 | $0.23 | 368.6x | +34% |
| FY2024 Q4 | - | $75.63 | $0.19 | 399.7x | +45% |
| FY2024 Q3 | Sep 30 2024 | $37.20 | $0.20 | 188.3x | -32% |
| FY2024 Q2 | Jun 30 2024 | $25.33 | $0.17 | 149.0x | -46% |
| FY2024 Q1 | Mar 31 2024 | $23.01 | $0.13 | 181.5x | -34% |
| FY2023 Q4 | Dec 31 2023 | $17.17 | $0.09 | 189.9x | -31% |
| FY2023 Q3 | Sep 30 2023 | $16.00 | $0.06 | 246.9x | -10% |
Average P/E for displayed period: 275.6x
Full Stock Analysis
Deep dive into PLTR consensus models and risk factors.
Should I Buy PLTR?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
3+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
PLTR — Frequently Asked Questions
Quick answers to the most common questions about buying PLTR stock.
What is PLTR's P/E ratio?
Palantir Technologies Inc. (PLTR) trailing twelve-month P/E ratio is 203.9x, based on TTM diluted EPS of $0.89. The 5-year average P/E is 275.6x and the historical range spans 149.0x to 449.3x.
Is PLTR stock overvalued or undervalued?
PLTR trades at 203.9x P/E, below its 5-year average of 275.6x. At the 45th percentile of its historical range (149.0x–449.3x), the stock is priced at a discount to its own history.
Is PLTR stock expensive?
No, PLTR is not expensive on a historical basis. The current P/E of 203.9x is below the 5-year average of 275.6x and sits at the 45th percentile of its valuation range.
What is PLTR's historical P/E range?
Over the past 5 years, PLTR's P/E ratio has ranged from 149.0x to 449.3x, with a median of 246.9x and an average of 275.6x. The current P/E of 203.9x places the stock at the 45th percentile of this range. Full historical data spans 2023–2026.
How does PLTR's P/E compare to the S&P 500?
PLTR trades at 203.9x P/E versus the S&P 500 median of 24.4x. The 736% premium to the market typically reflects higher expected earnings growth or quality.
How does PLTR's valuation compare to Technology peers?
Palantir Technologies Inc. P/E of 203.9x compares to the Technology sector median of 29.0x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PLTR's PEG ratio?
PLTR PEG ratio is N/A, based on a P/E of 203.9x and EPS growth of 231.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PLTR's earnings yield?
PLTR earnings yield is 0.49%, the inverse of its 203.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.